I echo all that @Jeff B. said (especially the consulting an attorney) but without knowing the "why" for changing the title out of your name and what the relative's status would be in the property (does the relative know your strategy?)

Does anyone happen to know if someone on a H1B visa or a green card can be a member in an LLC?Thanks,Tyler

If you want passive investment and you do not yet have the skills or knowledge to do your due diligence (which would only come after some hands on experience in active investing mentioned above), then buy a basket of REITs and/or S&P500 index fund and call it a day ... you could expect 8-10% returns over the long haul and a 4% safe withdrawl rate.Having mentioned your financial status in an online forum, you are about to get inundated with folks telling you they can do much better than above with less risk if you will just invest your money with them or let them sell you a property that will do way better.

Just 1-2 month's worth of vacancy or one large capital expenditure per year (Like a new roof, HVAC unit, etc.) would essentially put you in a break even status or in the red for that year.

HI Tony,I was also informed by the local auction agents like Vestus and Caliber real estate that in WA state there is no recording for NOD like CA or other status.

@Jonathan Johnson Definitely continue to follow-up with the broker and check on the status of the deal in the coming weeks.  

I received everything yesterday.Too bad they just can't send a mass email to all investors with a status so we don't have to wonder.

We are also allowed to put it in a "Under contract continue to show" status in the MLS, which lets other agents know you are dealing with a contingent sale.

Oftentimes the person conducting the sale has firsthand knowledge of the status of the house and can even provide you with an introduction to the person managing the estate and responsible for sale of the house.  

It requires you to evaluate your present financial status and even your lifestyle.